A prominent market analyst suggests Bitcoin may be replicating a pattern observed in 2024, potentially paving the way for significant price appreciation and new all-time highs this year. This outlook hinges on observed technical resilience, supportive macroeconomic shifts, and significant accumulation by large holders (‘whales’).
Bitcoin recently demonstrated notable strength by rebounding sharply from a 5.5% dip amid heightened geopolitical tensions. This mirrors its behavior in October 2024, which preceded an impressive 80% rally. Historical research further bolsters the bullish case, indicating Bitcoin typically recovers within 50 days following geopolitical crises.
Recent on-chain data provides concrete evidence of whale accumulation during recent price dips, signaling strong institutional confidence. Macroeconomic tailwinds are also aligning favorably, including anticipated Federal Reserve interest rate cuts and easing trade tensions between the US and China.
The analyst specifically points to a ‘liquidity grab’ fractal pattern emerging on Bitcoin charts. This pattern suggests the potential for Bitcoin to break through critical resistance levels, similar to its decisive surge past $100,000 in late 2024.
Based on this confluence of factors, analysts forecast Bitcoin could reach price targets between $150,000 and $200,000 by the end of the year. However, caution is advised regarding potential resistance near Bitcoin’s current all-time high of $112,000.